By Lisa Johnston
New products on display at the American International Toy Fair, held in N
DirecTV reported a double-digit gain in revenues and a net income gain for the third quarter.
Revenues increased 10 percent to $5.47 billion, compared with the same time last year, while year-on-year net income attributable to the DirecTV group rose $3 million to $366 million. Operating profit was $685 million, compared with the prior year’s $658 million.
“DirecTV’s third quarter results are consistent with our goal to drive substantial cash flow growth through a strategy of offering the best television experience to higher quality subscribers,” said Larry Hunter, interim CEO.
“In the United States, DirecTV revenues increased 9 percent to $4.7 billion due to solid subscriber and ARPU growth. Continued robust demand for our service fueled an 8 percent increase in gross additions to 1.1 million subscribers and net additions of 136,000 primarily due to the addition of AT&T as a marketing partner and record demand for our industry-leading HD and DVR services.”
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.